Thread: Las Tablas Plugged on Yahoo

Smile Mr. Woohoo!

places-retire-under-500-month-usnews: Personal Finance News from Yahoo! Finance

But read the comments and weep. Reminded me of one reason why I left the USA as pretty as she is. The ignorance there is deafening.

the women does not know piss from paint , she talks about los tables being walking distance to the beach , maybe she should visit before she makes a fool of herself . and as far as most of the comments , lets just hope those people stay in the states ,they are the kind of people that would come and then whine forever that it is not just like at home but cheaper .or that the locals dont speak english , or that it is noisy because of chickens and the bars

Originally Posted by nakedguydb

the women does not know piss from paint , she talks about los tables being walking distance to the beach , maybe she should visit before she makes a fool of herself . and as far as most of the comments , lets just hope those people stay in the states ,they are the kind of people that would come and then whine forever that it is not just like at home but cheaper .or that the locals dont speak english , or that it is noisy because of chickens and the bars

Agreed. This lady is a promoter for IL and I doubt she set foot in many of the places she recommends. I wonder if she feels guilty steering people the wrong way so she can make a buck selling real estate?

I undestand from the boots on the ground in Las Tablas it is terribly hot and humid right now with no respite in sight. When these eager people show up and find it is miles to the beach with some bad stretch of road and intolerable heat they will move along. This is a good thing because if a hoard of gringos descend on Las Tablas overpaying for everything the town will change and not for the better. A few of the locals will make bank but the vast majority will be left with the ramifications of higher prices with no change in their low paying job. I for one, regardless of how much money I have, will not enter into any stable third world market and start throwing cash around. Having some patience and taking the time to learn the area and people will allow someone to purchase what they want without negatively impacting the local economy. If International Living were to have their way the fifty cent beers at oceanos would be a thing of the past!

Katherine Peddicourt's information is unreliable at best. Part of the information is true, part misleading. Half-truths are the rule, designed to reel in clients for her work-shops in Panama City. It is true, she has no idea what it is like to live in Las Tablas, nor do I know if she has ever been in the area. The moral of the story is that you must take information from journalist's with a grain of salt. I am in contact with visitors occasionally and the complaint now is the heat as Fleeted mentioned. The heat here now is oppressive and it has been hot for the last several months and there are several more to go until the rainy season kicks in. Then the rainy season has it's own set of problems. The visitor's primary complaint is the heat now. And, most of them will not be back. It is just too oppressive for the average retiree to deal with or to acclimate too. Now, I am acclimated to the heat even though I do complain about it. But, that is not the rule of thumb around here. I don't expect a flood of Xpats to settle in Las Tablas anytime in the future simply because of the weather issues we have around here. This is a great place to retire for the right person but it is certainly no Panacea. Just my opinion.

did any of you read the comments at the end of the story , we dont want many of them to be living here anyway , after you read them you will understand that the gene pool is almost empty , one guy is not moving anywhere they dont speak american LOL his family must be so proud

I have a feeling most of IL's info comes from cruising the forums, like this one, and then filling in the blanks with b.s. Now I will say there have been quite a few foreign nationals coming into town lately to check things out. The latest article I read claiming you can live here on $500 bucks or less a month, you would be hard pressed to be happy here on $500 a month. You could probably do it if your are really really flexible but you would be living pretty darn poor.

Originally Posted by nakedguydb

did any of you read the comments at the end of the story , we dont want many of them to be living here anyway , after you read them you will understand that the gene pool is almost empty , one guy is not moving anywhere they dont speak american LOL his family must be so proud

As they say the smart ones end up leaving. What remains is anybody's guess.

For those who aren't aware, the manufactured crisis in the Middle East will spread to a few more countries, Yemen next and Saudi Arabia last. Shorty after that, the dollar will be replaced as world reserve currency and then collapse in value. This will all happen before the end of 2012. Oil will hit $200/bl, gasoline $5-6/gal. by summer. Hyper inflation will kick in making food unaffordable. Not a pretty picture ahead for those who remain in the U.S.

Originally Posted by MRWOOHOO

I have a feeling most of IL's info comes from cruising the forums, like this one, and then filling in the blanks with b.s. Now I will say there have been quite a few foreign nationals coming into town lately to check things out. The latest article I read claiming you can live here on $500 bucks or less a month, you would be hard pressed to be happy here on $500 a month. You could probably do it if your are really really flexible but you would be living pretty darn poor.

My total monthly expenditures in Panama are less than my monthly property taxes in the USA ($700/mo). The cost of living difference is staggering. For someone on a real tight budget it is possible to live dirt cheap in Panama or central America for that matter.

Originally Posted by MRWOOHOO

I have a feeling most of IL's info comes from cruising the forums, like this one, and then filling in the blanks with b.s. Now I will say there have been quite a few foreign nationals coming into town lately to check things out. The latest article I read claiming you can live here on $500 bucks or less a month, you would be hard pressed to be happy here on $500 a month. You could probably do it if your are really really flexible but you would be living pretty darn poor.

chicken , rice and beans , without the chicken LOL

Originally Posted by Felicity

As they say the smart ones end up leaving. What remains is anybody's guess.

For those who aren't aware, the manufactured crisis in the Middle East will spread to a few more countries, Yemen next and Saudi Arabia last. Shorty after that, the dollar will be replaced as world reserve currency and then collapse in value. This will all happen before the end of 2012. Oil will hit $200/bl, gasoline $5-6/gal. by summer. Hyper inflation will kick in making food unaffordable. Not a pretty picture ahead for those who remain in the U.S.

well one good thing about being here , if you own dirt you can grow food , if you live on the 40th floor of some condo , well sucks to be you .

Originally Posted by nakedguydb

well one good thing about being here , if you own dirt you can grow food , if you live on the 40th floor of some condo , well sucks to be you .

I can't imagine people living in Panama City are saving much money. Condos are very expensive, electricity bills high to keep the A/C running, food and entertainment are USA prices, dry cleaning bills from all sweat, etc. Ok, maybe the 20 year exemption saves a lot. But other than that, what is the true savings compared to say Miami?

It doesn't look like things are improving in the US. Standard & Poors just dropped their rating from stable to negative for the US so the crap isn't out of the fan yet. I think Felicity is correct in her above post.

Felicity is definately tuned in to what is happening with the world economy. She is spot on about the manufactured crisis in the middle east. As I have stated before Panama will suffer negatively when the dollar is officially devalued. The idiots in Washington will not stop spending. I submit that they can't or the whole economy contracts and implodes. Fully 70% of the U.S. GDP is consumer spending. If the govt cut 45 million people off of SNAP (food stamps), unemployment, HUD housing ETC... consumer spending would drop and so would the economy. Bernanke will continue the Quanatative easing policy (monetization of debt) because there are not enough buyers of our debt. Japan will no longer be buying and with the negative outlook by Standard and Poors others may follow suit. If we have a treasury Bond Auction failure interest rates will neccessarily rise putting pressure on are already rising national debt. Bernanke can't allow any of this so Monetize he will until we reach the scenario Felicity so astutely described above. The currency is failing in Belarus right now and people are panicking and gold is no longer being sold. We can all learn allot by observing what happens to countries as they collapse one by one across Europe.

The University of Texas is preparing for collapse. They just purchased a billion dollars worth of physical gold. Methinks people are starting to catch on!
Gold-Shortage Threat Drives Texas Schools Hoarding 664,000 Ounces at HSBC - Bloomberg

Originally Posted by fleeted

Felicity is definately tuned in to what is happening with the world economy. She is spot on about the manufactured crisis in the middle east. As I have stated before Panama will suffer negatively when the dollar is officially devalued. The idiots in Washington will not stop spending. I submit that they can't or the whole economy contracts and implodes. Fully 70% of the U.S. GDP is consumer spending. If the govt cut 45 million people off of SNAP (food stamps), unemployment, HUD housing ETC... consumer spending would drop and so would the economy. Bernanke will continue the Quanatative easing policy (monetization of debt) because there are not enough buyers of our debt. Japan will no longer be buying and with the negative outlook by Standard and Poors others may follow suit. If we have a treasury Bond Auction failure interest rates will neccessarily rise putting pressure on are already rising national debt. Bernanke can't allow any of this so Monetize he will until we reach the scenario Felicity so astutely described above. The currency is failing in Belarus right now and people are panicking and gold is no longer being sold. We can all learn allot by observing what happens to countries as they collapse one by one across Europe.

Thanks fleeted. Default is an ugly word that very well may occur and trigger the landslide. Also expect a major distraction on U.S. soil in the form of a nasty event prior to the dollar collapse. I really don't think most Americans know what is in store for them right around the corner.

BRICS credit: Local currencies to replace dollar - Economic Times

Chipping away at the dollar. Savers will be hit hard. Decoupling the Balboa may be the only option but I can't imagine that carrying Panama long term.

Thanks for the link. The BRIC countries now have a framework from which to work. Expect them to begin trade in their own currencies before to long. China and Russia already trade oil in their own currencies. You are correct that most Americans have no clue what losing the reserve currency status will do to their standard of living. We are talking about America becoming 3rd world rather quickly. These Manahatten princesses who live off their daddy's money will be in for a real shock, unless daddy bought some gold .

I think you all make good points to the US problems. Now, if the gov't does not raise the debit limit the US will start defaulting on loans and that is when all the bad stuff will happen. That can be this summer, I believe they have until Sept. to raise it. No congress has ever went against it, not even Bush and the Republicans, but, the Republicans are going to fight it all the way this time and we will go down in flames.....The rich are getting richer and the poor are getting poorer!!! My family and I need to get to Panama soon, because at least down there I can rent a cheap house and grow food, home school the kids, and live a real life. Too much BS here in the USA. Thank you all for your info on this forum.........Oh, Kathleen Peddicort lives in Panama city and has also lived in France and Ireland....not defending her just saying.......Take care everyone!!!

Originally Posted by DKM

I think you all make good points to the US problems. Now, if the gov't does not raise the debit limit the US will start defaulting on loans and that is when all the bad stuff will happen. That can be this summer, I believe they have until Sept. to raise it. No congress has ever went against it, not even Bush and the Republicans, but, the Republicans are going to fight it all the way this time and we will go down in flames.....The rich are getting richer and the poor are getting poorer!!! My family and I need to get to Panama soon, because at least down there I can rent a cheap house and grow food, home school the kids, and live a real life. Too much BS here in the USA. Thank you all for your info on this forum.........Oh, Kathleen Peddicort lives in Panama city and has also lived in France and Ireland....not defending her just saying.......Take care everyone!!!

Don't fret they will raise the debt limit. The Republicans are all hot air and were nuetered long ago. Everyone will posture and spew the same drivel rhetoric and then raise the limit by about 2 trillion dollars. Both sides will then run out and claim victory when in fact the everyone in the country will have lost. They will continue to monetize and borrow and eventually raise taxes but the end result is the same. They will prolong this Ponzi Scheme until the bitter end!

The pension fund collapse has begun. Police officers are learning that their retirements were mismanaged and they were lied to for years. There will be no golden years for millions of baby boomers! Losing 84 Cents on Dollar Reveals Runaway U.S. Public Pension Shortfalls - Bloomberg
How many of these people planned on retiring to Panama and now will have to work until they are dead? More good news the AP is reporting that China has sold 600 million in treasuries. They are smart enough rid themselves of a diminishing asset.

This quick vid really sums up just how screwed we are. YouTube - Brother, Can You Spare A Trillion?: Government Gone Wild!

Originally Posted by Felicity

Thanks fleeted. Default is an ugly word that very well may occur and trigger the landslide. Also expect a major distraction on U.S. soil in the form of a nasty event prior to the dollar collapse. I really don't think most Americans know what is in store for them right around the corner.

BRICS credit: Local currencies to replace dollar - Economic Times

Chipping away at the dollar. Savers will be hit hard. Decoupling the Balboa may be the only option but I can't imagine that carrying Panama long term.

Watching what the BRIC countries do is a good indicator of future events. The BRIC countries main focus (in my opinion) has been to replace the greenback since the beginning.

Good Reading: http://en.wikipedia.org/wiki/BRIC

Originally Posted by MRWOOHOO

Watching what the BRIC countries do is a good indicator of future events. The BRIC countries main focus (in my opinion) has been to replace the greenback since the beginning.

Good Reading: BRIC - Wikipedia, the free encyclopedia

Very informative MR Woohoo, I particularily like the timeline aspect showing how the BRICS have grown the last 10 years.